Hertz amasses $17B in debt, lays off 10,000 as car rental demand vanishes
Hertz amasses $17B in debt, lays off 10,000 as car rental demand vanishes
Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday. The Estero, Florida-based company, whose largest shareholder is billionaire investor Carl Icahn, is reeling from the impact of the pandemic on global travel. Hertz has enlisted restructuring experts at law firm White & Case LLP and investment bank Moelis & Co to help i
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Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday. The Estero, Florida-based company, whose largest shareholder is billionaire investor Carl Icahn, is reeling from the impact of the pandemic on global travel. Hertz has enlisted restructuring experts at law firm White & Case LLP and investment bank Moelis & Co to help i
Continue reading Hertz amasses $17B in debt, lays off 10,000 as car rental demand vanishes
Hertz amasses $17B in debt, lays off 10,000 as car rental demand vanishes originally appeared on Autoblog on Fri, 24 Apr 2020 08:16:00 EDT. Please see our terms for use of feeds.
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